| Proposed Ticker: AZUR | 509 Madison Avenue | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10022 | |
| Industry: Manufacturing | (212) 317-0712 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 10/30/96 | |
| U.S. Shares Filed: | 1,000,000 | Filing Range: | $4.00 - $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $4,500,000 | |
| Primary Shares: | 1,000,000 | Expenses: | $350,000 | |
| Secondary Shares: | 0 | Shs Out After: | 5,058,747 | |
| Manager | Tier | Phone |
| Network One Financial Securities, Inc. | Lead Manager | (908) 758-9001 |
| Auditor: Feldman Radin & Co. | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/96 | |||
| Revenue: | $0.00 | $0.00 | Assets: | $1.39 | |
| Net Income: | -$0.28 | -$0.73 | Liabilities: | $1.16 | |
| EPS: | Equity: | $0.23 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Azurel Ltd., directly and through wholly-owned subsidiaries, manufactures, markets and sells cosmetics, fragrances and skin care products. Through four wholly-owned subsidiaries comprising its operates a manufacturing and filling facility which sells cosmetics principally to major cosmetic companies for sale by each customer under the customer's own brand name. In order to take advantage of the company's manufacturing capabilities and product development expertise, the company currently is under brand names created internally or owned by others and licensed to the company. These products are sometimes referred to as "Branded Products". |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of indebtedness incurred in connection with acquisitions and bridge financings, marketing, to purchase inventory, to pay accrued expenses and for working capital. |
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